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20121008
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center. in today's cover story, why healthcare costs have increased in recent months. plus, it's been 4 years since the housing bubble burst - punishments for big banks may finally be around the corner. and, one of the richest men on wall street is trash-talking a taco stock. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, october 3rd. i'm angela miles. in today's first look: the debate in denver. the first presidential debate is tonight, and it's starting to take on the feel of a sporting event. ahead of the showdown, muted action from the market. the dow sold off 33 points, and small gains were made in the s&p 500 and nasdaq. gold and oil pulled back slightly. meg whiteman, the ceo of hewlett-packard, will hold her first analyst meeting today since taking the job last september. traders have become concerned about the the tech company's competitiveness in the consumer and corporate in spaces. let's get a jump on the trading day now with mark sebastian of option pit mentoring. g
- in healthcare, information technology and customer service. "when you do see big companies showing improvement and small companies too, that's all good news and means we're pointed in the right direction." grasz says it sets the stage for a strong 2013, even as congress prepares to grapple with the so-called "fiscal cliff" of expiring tax cuts and spending programs. "right now, it seems as though business doesn't think washington will be that crazy as to let that the fiscal cliff happen. government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or weren't sure. but retailers plan to use the holidays as an audition for full-time applicants. john challenger says out of 700,000 holiday hires, 25% will see it lead to a full-time position. on the flip side of all this, layoffs are at their lowest levels in a decade. even cutbacks to government payrolls have s
. healthcare and biotech funds are up a strong 22% this year. but a money manager tell us the opportunity to get in those stocks may not be over. "well, i think glaxosmithkline is the pick of the litter in the large-cap pharmaceutical sector. as you know, there's been a flight to quality and safety in yield. glaxosmithkline, which is based in the uk, pays a dividend yield every quarter. kellison belives the stock may be 10 to 15 dollars undervalued. he adds that while lilly is trading near its highs, merck could still offer a bit of rally action for investors. honda is expanding a recall. the company is recalling 600,000 accords with v-6 engines made between '03 to '07 due to power steering hose problems. honda claims the hoses can crack and lead to fuel leaks. one fire has been reported due to the faulty part. in may, honda recalled around 50,000 acuras due to a similar problem. meanwhile, at gm, 41,000 cars are being recalled for fuel pump issues. the models include the g-5, cobalt, and 2007 ions, equinox and torrent suvs. amazon's new kindle is already becoming popular. pre-orders for
Search Results 0 to 2 of about 3